Can I retire at age 65 with 17,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,345,781
2 years$711,325$698,077$685,238$672,789$660,714$619,035
3 years$469,506$456,201$443,394$431,063$419,184$378,850
4 years$348,620$335,356$322,677$310,556$298,966$260,287
5 years$276,108$262,923$250,411$238,537$227,269$190,350
6 years$227,782$214,697$202,369$190,760$179,830$144,705
7 years$193,277$180,302$168,170$156,834$146,250$112,916
8 years$167,410$154,552$142,621$131,564$121,329$89,765
9 years$147,302$134,565$122,840$112,064$102,176$72,350
10 years$131,225$118,613$107,094$96,600$87,059$58,929
11 years$118,079$105,594$94,284$84,071$74,874$48,390
12 years$107,133$94,775$83,675$73,741$64,884$39,993
13 years$97,878$85,649$74,758$65,103$56,580$33,225
14 years$89,951$77,853$67,170$57,791$49,598$27,718
15 years$83,088$71,120$60,646$51,539$43,670$23,202
16 years$77,089$65,251$54,984$46,148$38,596$19,478
17 years$71,800$60,094$50,034$41,463$34,221$16,389
18 years$67,105$55,529$45,674$37,367$30,428$13,816
19 years$62,909$51,464$41,813$33,764$27,121$11,667
20 years$59,137$47,823$38,373$30,580$24,225$9,865
21 years$55,729$44,545$35,296$27,753$21,679$8,350
22 years$52,635$41,581$32,531$25,234$19,432$7,075
23 years$49,814$38,890$30,036$22,981$17,443$6,000
24 years$47,232$36,438$27,779$20,960$15,678$5,091
25 years$44,860$34,195$25,729$19,142$14,108$4,323
26 years$42,674$32,138$23,862$17,502$12,708$3,672
27 years$40,654$30,245$22,158$16,020$11,457$3,121
28 years$38,781$28,500$20,599$14,678$10,338$2,653
29 years$37,040$26,886$19,169$13,460$9,335$2,256
30 years$35,419$25,391$17,855$12,353$8,435$1,919
31 years$33,905$24,003$16,646$11,345$7,626$1,632
32 years$32,489$22,712$15,531$10,427$6,898$1,389
33 years$31,161$21,509$14,501$9,588$6,243$1,182
34 years$29,914$20,385$13,549$8,822$5,652$1,006
35 years$28,741$19,335$12,667$8,121$5,119$856
36 years$27,635$18,352$11,850$7,479$4,639$729
37 years$26,592$17,430$11,091$6,891$4,204$621
38 years$25,606$16,565$10,387$6,352$3,811$529
39 years$24,673$15,751$9,731$5,857$3,456$450
40 years$23,789$14,986$9,121$5,402$3,135$383
41 years$22,950$14,266$8,553$4,984$2,844$326
42 years$22,153$13,586$8,023$4,600$2,581$278
43 years$21,395$12,945$7,528$4,246$2,342$237
44 years$20,674$12,339$7,066$3,920$2,126$202
45 years$19,986$11,766$6,635$3,621$1,930$172
46 years$19,331$11,225$6,232$3,344$1,752$146
47 years$18,705$10,712$5,855$3,090$1,591$125
48 years$18,107$10,226$5,502$2,855$1,445$106
49 years$17,536$9,765$5,171$2,639$1,312$90
50 years$16,988$9,328$4,862$2,439$1,192$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,400,000, adding $3,708 every year, while hoping to spend $26,567 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/20/12 Blend
64$17,400,000$17,400,000$17,400,000$17,400,000
65$19,178,625$18,256,425$17,986,725$20,432,288
66$21,106,577$19,122,723$18,561,013$22,132,660
67$23,230,291$20,030,578$19,153,649$23,988,127
68$25,569,705$20,982,001$19,765,221$26,016,722
69$28,146,791$21,979,096$20,396,332$28,235,427
70$30,985,763$23,024,071$21,047,609$30,662,928
71$34,113,302$24,119,241$21,719,695$33,319,783
72$37,558,811$25,267,036$22,413,257$36,228,619
73$41,354,689$26,470,000$23,128,980$39,414,333
74$45,536,640$27,730,803$23,867,573$42,904,329
75$50,144,009$29,052,244$24,629,769$46,728,767
76$55,220,152$30,437,258$25,416,320$50,920,848
77$60,812,848$31,888,924$26,228,008$55,517,117
78$66,974,746$33,410,469$27,065,634$60,557,804
79$73,763,867$35,005,278$27,930,029$66,087,199
80$81,244,144$36,676,900$28,822,048$72,154,066
81$89,486,036$38,429,057$29,742,575$78,812,090
82$98,567,183$40,265,652$30,692,523$86,120,387
83$108,573,144$42,190,778$31,672,831$94,144,044
84$119,598,205$44,208,726$32,684,471$102,954,738
85$131,746,265$46,323,997$33,728,444$112,631,396
86$145,131,823$48,541,312$34,805,786$123,260,936
87$159,881,052$50,865,619$35,917,563$134,939,078
88$176,132,995$53,302,110$37,064,876$147,771,241
89$194,040,874$55,856,227$38,248,863$161,873,528
90$213,773,540$58,533,678$39,470,697$177,373,811
91$235,517,063$61,340,451$40,731,587$194,412,930
92$259,476,492$64,282,822$42,032,784$213,146,012
93$285,877,788$67,367,374$43,375,577$233,743,926
94$314,969,960$70,601,013$44,761,296$256,394,881
95$347,027,411$73,990,978$46,191,315$281,306,195
96$382,352,534$77,544,863$47,667,051$308,706,236
97$421,278,561$81,270,630$49,189,966$338,846,570
98$464,172,715$85,176,631$50,761,570$372,004,316
99$511,439,669$89,271,623$52,383,420$408,484,752
100$563,525,376$93,564,793$54,057,125$448,624,183